Astra Sedaya cuts pricing on new $150m loan

Indonesia motorcyle
By Pan Yue
02 May 2018

Indonesia’s Astra Sedaya Finance (ASF) is back in the offshore loan market for a new $150m borrowing, paying 20bp lower than a similar deal raised last year.

The new three year term loan was launched into general syndication last week. It has a margin of 80bp over Libor, compared to a 100bp margin for a similar three year deal sealed in June last year.

Citi, CTBC and HSBC, which arranged ASF’s June 2017 loan, are ...

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